Ricoh Leasing : Consolidated Financial Report for Mar. 2025（337KB）

Published: 2025-05-02 01:47:27 ET 8566.T

Published on 05/02/2025 at 01:47

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Translation

Company name: RICOH LEASING COMPANY, LTD.

Stock exchange listing: Tokyo

Stock code: 8566 URL https://www.r-lease.co.jp/

Representative: President and Chief Executive Officer Tokuharu Nakamura Executive Officer and General

Inquiries: Manager of Corporate Management Division Kentaro Takita TEL +81-50-1702-4203

Scheduled date of ordinary general meeting of shareholders: June 23, 2025 Scheduled date to file Securities Report: June 20, 2025

Scheduled date to commence dividend payments: June 24, 2025 Preparation of supplementary material on financial results: Yes

Holding of financial results meeting: Yes (for institutional investors and analysts)

May 2, 2025

(Amounts less than one million yen are rounded down)

Consolidated financial results for the year ended March 31, 2025 (from April 1, 2024 to March 31, 2025)

Consolidated operating results Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to owners of parent

Millions of yen

Year ended March 31, 2025

312,156

1.2

21,729

3.4

22,030

2.3

15,658

38.8

Year ended March 31, 2024

308,335

3.2

21,010

(1.0)

21,544

(0.1)

11,278

(24.2)

Note：Comprehensive income for the year ended March 31, 2025： 16,857 Millions of yen 12.8%

for the year ended March 31, 2024： 14,950 Millions of yen 5.2%

Earnings per share

Diluted earnings per share

Profit attributable to

owners of parent/equity

Ordinary profit/total assets

Operating profit/net sales

Yen

Year ended March 31, 2025

507.99

6.9

1.7

7.0

Year ended March 31, 2024

365.89

5.2

1.7

6.8

Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Yen

As of March 31, 2025

1,376,211

234,070

17.0

7,593.67

As of March 31, 2024

1,247,276

221,936

17.8

7,199.98

Reference： Shareholders' equity

As of March 31, 2025：234,070 Millions of yen As of March 31, 2024：221,936 Millions of yen

Consolidated cash flows

Cash flows from operating activities

Cash flows from investing activities

Cash flows from financing activities

Cash and cash equivalents at end of period

Year ended March 31, 2025

Year ended March 31, 2024

Millions of yen

(94,396)

(753)

Millions of yen

(12,265)

(13,393)

Millions of yen

103,051

4,984

Millions of yen

1,345

4,956

Cash dividends

Annual dividends per share

Total cash dividends (Total)

Dividend payout ratio (Consolidated)

Ratio of dividends to net assets (Consolidated)

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Year ended March 31, 2024

Year ended March 31, 2025

Yen

75.00

80.00

Yen

75.00

100.00

Yen

150.00

180.00

Millions of yen

4,623

5,557

41.0

35.4

2.1

2.4

Year ending March 31, 2026 (Forecast)

90.00

95.00

185.00

43.2

Forecast of consolidated financial results for the year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to owners of parent

Earnings per share

Full year

Millions of yen

320,000

2.5

Millions of yen

19,000

(12.6)

Millions of yen

19,200

(12.8)

Millions of yen

13,200

(15.7)

Yen

428.23

Notes

Changes in significant subsidiaries during the year ended March 31, 2025 No

Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements Changes in accounting policies due to revisions to accounting standards and other regulations: Yes Changes in accounting policies due to other reasons: No

Changes in accounting estimates: No

Restatement of prior period financial statements: No

Number of issued shares (common shares)

31,243,223 shares

As of March 31, 2024

31,243,223 shares

As of March 31, 2025

418,649 shares

As of March 31, 2024

418,762 shares

As of March 31, 2025

Total number of issued shares at the end of the period (including treasury shares) Number of treasury shares at the end of the period

Average number of shares during the period

Year ended March 31, 2025 30,824,506 shares Year ended March 31, 2024 30,824,678 shares

Note：The Company's shares held by the trust account related to the stock compensation plan are included in the number of treasury shares at the end of the period (94,700 shares for the fiscal year ended March 2025, and 0 shares for the fiscal year ended March 2024). In addition, it is included in treasury stock to be deducted when calculating the average number of shares during the period (94,700 shares for the fiscal year ended March 2025, 0 shares for the fiscal year ended March 2024).

(Millions of yen) As of March 31, 2024 As of March 31, 2025

Assets

Current assets

Cash and deposits

4,956

1,345

Notes and accounts receivable - trade

233

226

Installment receivables

175,125

183,519

Lease payments receivable

24,335

21,035

Lease receivables and investments in leases

506,140

547,643

Accounts receivable - operating loans

260,176

276,515

Accounts receivable - other loans to customers

10,806

8,354

Other operating assets

12,259

9,962

Accounts receivable - lease

9,655

10,973

Other current assets

54,845

66,216

Allowance for doubtful accounts

(7,112)

(6,367)

Total current assets

1,051,425

1,119,425

Non-current assets

Property, plant and equipment Assets for lease

Assets for lease

89,456

138,863

Total assets for lease

89,456

138,863

Own-used assets

Machinery and equipment

29,236

33,866

construction in progress

9,724

1,392

Other own-used assets

1,473

1,426

Total own-used assets

40,433

36,684

Total property, plant and equipment

129,890

175,548

Intangible assets

Assets for lease

Other intangible assets

9,564

11,366

Total intangible assets

9,598

11,387

Investments and other assets

Investment securities

35,129

43,452

Distressed receivables

5,939

478

Deferred tax assets

4,649

5,435

Other

16,170

20,952

Allowance for doubtful accounts

(5,527)

(469)

Total investments and other assets

56,361

69,850

Total non-current assets

195,850

256,786

Total assets

1,247,276

1,376,211

(Millions of yen) As of March 31, 2024 As of March 31, 2025

Liabilities

Current liabilities

Notes and accounts payable - trade

21,567

21,282

Short-term loans payable

7,000

Current portion of bonds payable

50,000

Current portion of long-term borrowings

114,200

127,000

Current portion of long-term payables under securitization

of lease receivables

11,434

8,432

Commercial papers

25,000

75,000

Underwriting debt payment

2,686

583

Lease liabilities

Income taxes payable

2,411

5,404

Advances received - lease

4,465

5,216

Deferred profit on installment sales

24,354

25,806

Provision for bonuses

1,429

1,616

Provision for bonuses for directors (and other officers)

Other current liabilities

42,176

47,014

Total current liabilities

299,805

324,462

Non-current liabilities

Bonds payable

80,000

140,000

Long-term borrowings

621,300

661,000

Long-term payables under securitization of lease

receivables

9,583

1,151

Lease liabilities

135

Retirement benefit liability

614

455

Guarantee received

12,149

13,006

Asset retirement obligations

1,455

1,686

Other noncurrent liabilities

296

288

Total non-current liabilities

725,534

817,678

Total liabilities

1,025,339

1,142,141

Net assets

Shareholders' equity

Share capital

7,896

Capital surplus

10,215

10,372

Retained earnings

201,540

212,421

Treasury shares

(1,674)

(1,777)

Total shareholders' equity

217,978

228,913

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

3,470

4,516

Deferred gains or losses on hedges

538

644

Remeasurements of defined benefit plans

(50)

(3)

Total accumulated other comprehensive income

3,957

5,157

Total net assets

211,936

234,070

Total liabilities and net assets

1,247,276

1,376,211

(Millions of yen)

Fiscal year ended

March 31, 2024

Fiscal year ended

March 31, 2025

Net sales

308,335

312,156

Cost of sales

262,768

263,609

Gross profit

45,567

48,546

Selling, general and administrative expenses

Commission expenses

5,344

6,175

Employees' salaries and allowances

6,811

7,185

Provision for bonuses

1,429

1,616

Provision of allowance for doubtful accounts

1,381

1,143

Other

9,590

10,696

Total selling, general and administrative expenses

24,557

26,816

Operating profit

21,010

21,729

Non-operating income

Interest income

187

Dividend income

294

359

Gain on investments in investment partnerships

485

182

Other

Total non-operating income

879

760

Non-operating expenses

Interest expenses

174

Commission expenses

Bond issuance costs

160

236

Social Contribution

Other

Total non-operating expenses

345

459

Ordinary profit

21,544

22,030

Extraordinary income

Gain on sale of investment securities

425

Total extraordinary income

425

Extraordinary losses

Loss on valuation of investment securities

5,189

Total extraordinary losses

5,189

Profit before income taxes

16,354

22,381

Income taxes - current

5,866

8,058

Income taxes - deferred

(790)

(1,335)

Total income taxes

5,075

6,722

Profit

11,278

15,658

Profit attributable to non-controlling interests

Profit attributable to owners of parent

11,278

15,658

Consolidated statements of comprehensive income

(Millions of yen)

Fiscal year ended March 31, 2024

Fiscal year ended March 31, 2025

Profit

11,278

15,658

Other comprehensive income

Valuation difference on available-for-sale securities

3,723

1,045

Deferred gains or losses on hedges

(102)

106

Remeasurements of defined benefit plans, net of tax

Total other comprehensive income

3,672

1,199

Comprehensive income

14,950

16,857

Comprehensive income attributable to Comprehensive income attributable to owners of parent

14,950

16,857

Comprehensive income attributable to non-controlling interests

Fiscal year ended March 31, 2024

(Millions of yen)

Shareholders' equity

Share capital

Capital surplus

Retained earnings

Treasury shares

Total shareholders'

equity

Balance at beginning of period

7,896

10,159

195,040

(1,680)

211,416

Changes during period

Dividends of surplus

(4,777)

Profit attributable to owners

of parent

11,278

Purchase of treasury shares

(1)

Disposal of treasury shares

Restricted stock remuneration

Change in ownership interest of parent due to transactions with non-controlling interests

Net changes in items other

than shareholders' equity

Total changes during period

6,500

6,562

Balance at end of period

7,896

10,215

201,540

(1,674)

217,978

Accumulated other comprehensive income

Total net assets

Valuation difference

on available-for-sale securities

Deferred gains or losses on hedges

Remeasurements of defined benefit plans

Total accumulated

other comprehensive income

Balance at beginning of period

(253)

640

(102)

285

211,701

Changes during period

Dividends of surplus

(4,777)

Profit attributable to owners

of parent

11,278

Purchase of treasury shares

(1)

Disposal of treasury shares

Restricted stock remuneration

Change in ownership interest of parent due to transactions with non-controlling interests

Net changes in items other

than shareholders' equity

3,723

(102)

3,672

Total changes during period

3,723

(102)

3,672

10,234

Balance at end of period

3,470

538

(50)

3,957

221,936

Fiscal year ended March 31, 2025

(Millions of yen)

Shareholders' equity

Share capital

Capital surplus

Retained earnings

Treasury shares

Total shareholders'

equity

Balance at beginning of period

7,896

10,215

201,540

(1,674)

217,978

Changes during period

Dividends of surplus

(4,777)

Profit attributable to owners

of parent

15,658

Purchase of treasury shares

(468)

Disposal of treasury shares

159

310

469

Restricted stock remuneration

(2)

Change in ownership interest of parent due to transactions with

non-controlling interests

(0)

Net changes in items other

than shareholders' equity

Total changes during period

157

10,880

(102)

10,935

Balance at end of period

7,896

10,372

212,421

(1,777)

228,913

Accumulated other comprehensive income

Total net assets

Valuation difference

on available-for-sale securities

Deferred gains or losses on hedges

Remeasurements of defined benefit plans

Total accumulated

other comprehensive income

Balance at beginning of period

3,470

538

(50)

3,957

221,936

Changes during period

Dividends of surplus

(4,777)

Profit attributable to owners

of parent

15,658

Purchase of treasury shares

(468)

Disposal of treasury shares

469

Restricted stock remuneration

Change in ownership interest of parent due to transactions with non-controlling interests

(0)

Net changes in items other

than shareholders' equity

1,045

106

1,199

Total changes during period

1,045

106

1,199

12,134

Balance at end of period

4,516

644

(3)

5,157

234,070

Consolidated statements of cash flows

(Millions of yen)

Fiscal year ended

March 31, 2024

March 31, 2025

Cash flows from operating activities

Profit before income taxes

16,354

22,381

Depreciation of assets for lease

16,843

18,736

Depreciation and loss on retirement of own-used assets

2,745

3,754

Loss on valuation of investment securities

5,189

Loss (gain) on sale of investment securities

(425)

Increase (decrease) in allowance for doubtful accounts

(290)

(5,803)

Increase (decrease) in provision for bonuses

186

Increase (decrease) in provision for bonuses for directors (and other officers)

(9)

Increase (decrease) in retirement benefit liability

(76)

(90)

Interest and dividend income

(362)

(546)

Capital costs and interest expenses

2,080

3,885

Bond issuance costs

160

236

Loss (gain) on investments in investment partnerships

(485)

(182)

Decrease (increase) in installment receivables

6,807

(6,943)

Decrease (increase) in lease payments receivable

3,034

3,299

Net decrease (increase) in lease receivables and investments in leases

3,511

(41,252)

Decrease (increase) in accounts receivable - operating loans

(6,470)

(16,338)

Decrease (increase) in accounts receivable-other loans tocustomers

20,391

2,452

Decrease (increase) in accounts receivable - lease

3,750

(1,317)

Purchase of assets for lease

(44,551)

(92,051)

Increase (decrease) in trade payables

1,572

(285)

Decrease (increase) in distressed receivables

(5,336)

5,460

Other, net

(16,234)

18,808

Subtotal

8,689

(85,944)

Interest and dividends received

223

395

Interest paid

(1,627)

(3,488)

Income taxes paid

(8,037)

(5,359)

Net cash provided by (used in) operating activities

(753)

(94,396)

Cash flows from investing activities

Purchase of short-term and long-term investment securities

(4,193)

(5,069)

Proceeds from sale and redemption of short-term and longterm investment securities

2,300

3,667

Purchase of own-used assets

(12,102)

(11,266)

Other, net

601

403

Net cash provided by (used in) investing activities

(13,393)

(12,265)

(Millions of yen)

Fiscal year ended Fiscal year ended

March 31, 2024 March 31, 2025

Cash flows from financing activities

Net increase (decrease) in short-term borrowings

7,000

Net increase (decrease) in commercial papers

(11,000)

50,000

Proceeds from long-term borrowings

123,500

166,700

Repayments of long-term borrowings

(103,000)

(114,200)

Repayments of payables under securitization of lease

receivables

(14,577)

(11,434)

Proceeds from issuance of bonds

44,839

59,763

Redemption of bonds

(30,000)

(50,000)

Proceeds from sales of treasury shares

467

Purchase of treasury shares

(0)

(468)

Dividends paid

(4,777)

Payments from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation

(0)

Net cash provided by (used in) financing activities

4,984

103,051

Net increase (decrease) in cash and cash equivalents

(9,163)

(3,610)

Cash and cash equivalents at beginning of period

14,119

4,956

Cash and cash equivalents at end of period

4,956

1,345

Disclaimer

RICOH Leasing Co. Ltd. published this content on May 02, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 02, 2025 at 05:46 UTC.